SKF India Ltd

SKF India Ltd

₹ 1,606 -0.34%
03 Jun - close price
About

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]

Key Points

Parent Company
The company is a subsidiary of AB SKF which holds ~53% stake through group companies. [1] AB SKF is a Swedish bearing and seal manufacturing company founded in 1907. It manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, etc. It employs ~44,000 in ~110 manufacturing units around the world. [2]

  • Market Cap 7,935 Cr.
  • Current Price 1,606
  • High / Low 2,396 / 1,404
  • Stock P/E 50.1
  • Book Value 269
  • Dividend Yield 0.90 %
  • ROCE 13.3 %
  • ROE 8.06 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 67.8%

Cons

  • The company has delivered a poor sales growth of -4.43% over past five years.
  • Earnings include an other income of Rs.199 Cr.
  • Debtor days have increased from 81.9 to 123 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,095 1,150 1,125 1,092 1,203 1,206 399 559 493 462 496 577 595
928 947 1,001 920 990 1,013 336 452 370 389 438 494 562
Operating Profit 167 203 124 172 213 194 63 106 123 74 58 82 33
OPM % 15% 18% 11% 16% 18% 16% 16% 19% 25% 16% 12% 14% 6%
20 23 18 24 35 40 59 45 122 77 74 20 29
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 17 18 19 19 19 20 13 14 13 16 15 16 16
Profit before tax 170 208 122 177 229 214 109 137 232 135 116 86 46
Tax % 28% 26% 26% 25% 24% 26% 13% 20% 13% 12% 9% 28% 144%
123 155 90 132 175 159 94 110 203 119 106 62 -20
EPS in Rs 24.87 31.28 18.26 26.76 35.39 32.19 19.10 22.19 41.05 24.01 21.39 12.55 -4.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,414 2,997 2,631 2,750 3,035 2,842 2,671 3,666 4,305 4,570 4,920 2,130
2,132 2,636 2,295 2,316 2,549 2,492 2,251 3,110 3,556 3,853 4,174 1,881
Operating Profit 281 362 336 435 486 349 420 556 749 718 745 248
OPM % 12% 12% 13% 16% 16% 12% 16% 15% 17% 16% 15% 12%
79 101 87 71 92 104 36 35 52 94 101 199
Interest 0 0 0 5 8 9 2 2 2 1 1 0
Depreciation 54 68 48 46 46 57 58 57 67 75 83 63
Profit before tax 306 394 376 455 524 387 396 531 733 736 763 384
Tax % 34% 35% 35% 35% 36% 25% 25% 26% 28% 25% 26% 31%
203 256 244 296 336 289 298 395 525 552 566 266
EPS in Rs 38.48 48.56 46.28 57.68 67.97 58.50 60.27 79.99 106.23 111.69 114.54 53.85
Dividend Payout % 26% 31% 22% 21% 18% 222% 24% 18% 38% 116% 13% 74%
Compounded Sales Growth
10 Years: -3%
5 Years: -4%
3 Years: -21%
TTM: -57%
Compounded Profit Growth
10 Years: -5%
5 Years: -12%
3 Years: -33%
TTM: -72%
Stock Price CAGR
10 Years: 11%
5 Years: 8%
3 Years: -8%
1 Year: -26%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 18%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 53 53 53 51 49 49 49 49 49 49 49 49
Reserves 1,363 1,612 1,758 1,786 1,648 1,856 1,514 1,836 2,292 2,633 2,549 1,280
0 65 34 85 90 22 18 16 14 12 7 3
495 419 459 522 510 542 721 713 822 957 959 747
Total Liabilities 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,651 3,564 2,079
347 298 299 293 284 352 345 402 424 472 551 440
CWIP 18 12 35 37 62 41 65 52 63 89 56 28
Investments 20 19 149 154 44 197 2 2 2 9 9 9
1,526 1,820 1,821 1,960 1,906 1,879 1,890 2,158 2,688 3,081 2,948 1,602
Total Assets 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,651 3,564 2,079

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
218 26 115 367 181 330 324 57 690 624 203 363
-3 -174 147 -265 306 -154 654 -33 -45 -158 -60 -182
-93 49 -126 -225 -477 -178 -652 -78 -79 -204 -650 -76
Net Cash Flow 122 -99 136 -123 11 -2 326 -53 567 262 -507 105
Free Cash Flow 184 -4 74 318 140 271 255 -34 585 496 72 134
CFO/OP 117% 47% 76% 124% 81% 129% 102% 37% 120% 115% 59% 191%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 56 59 71 65 63 56 80 68 58 60 63 123
Inventory Days 71 65 94 92 95 92 109 110 98 90 106 103
Days Payable 82 57 68 89 72 84 135 83 86 94 80 175
Cash Conversion Cycle 46 67 97 68 86 64 54 96 69 56 88 51
Working Capital Days 44 56 85 56 71 65 60 87 59 47 69 77
ROCE % 23% 25% 21% 24% 28% 19% 23% 31% 34% 29% 29% 13%

Insights

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Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2025
Net Working Capital % of Net Sales
%

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Number of Remanufacturing Centers
Centers
Number of Manufacturing Lines - Bangalore Plant
Lines
Sales Mix - Automotive
%
Sales Mix - Industrial
%
Number of Manufacturing Lines - Haridwar Plant
Lines
Number of Manufacturing Lines - Pune Plant
Lines

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58%
6.42% 6.46% 6.61% 6.77% 7.93% 8.25% 8.32% 8.21% 7.55% 6.98% 7.01% 7.10%
29.37% 29.20% 28.98% 29.00% 28.12% 27.32% 27.15% 26.51% 26.61% 27.01% 26.74% 27.00%
11.66% 11.77% 11.83% 11.65% 11.38% 11.86% 11.93% 12.68% 13.27% 13.42% 13.67% 13.31%
No. of Shareholders 42,35942,37746,56245,97048,47758,53560,29566,26466,53466,33772,26569,931

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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